Leverage Change

Leverage Change

 

As most financial jurisdictions have implemented a customer protection program to prevent customers to accidentally losing money, there is a limit to how much leverage a broker can offer to a new non-professional customer. These limits are currently set to:

 

1:3 for XXX, 1:200 for YYY

 

Thus, in order to be able to trade on small accounts with a 1:500 leverage, and if you live in any of these jurisdictions, you will be required to fill out an application for increasing your highest default leverage (as show in your account pages). The application consists of a number of questions and exercises that you will have to complete and sign, to show that you indeed are a professional trader who understand the risks involved with using leveraged accounts.